By interacting with our site, you consent to the Terms of Service and the use of technologies such as cookies by Bauer and our partners to deliver relevant advertising on our site, in emails and across the Internet, personalize content and perform site analytics. Please see our Privacy Policy for more information about our use of data and your rights.

BREAKING: It's Official, Floyd Mayweather And Conor McGregor Fight Is Happening This Year

You know all those rumors that had been floating around forever about retired boxer Floyd Mayweather and the UFC's biggest prized asset Conor McGregor taking part in some sort of fight? Well, guess what, the rumors have been squashed and we finally know it's happening.

That's right, according to ESPN, the mega-fight between the two will take place in Las Vegas on August 26th of this year.

And, as somewhat expected, the bout will be a boxing match—which, of course, makes Mayweather the early favorite given his perfect boxing record from his decades-long career.

Here's what Floyd Mayweather posted to Instagram to announce the news:

Appearing on ESPN's SportsCenter, here's what UFC President—a key orchestrater in the negotiations—had to say:

UFC president Dana White, appearing on SportsCenter, said the fight would be at the boxing junior middleweight weight limit of 154 pounds, the fighters would use 10-ounce gloves and the card would take place at the T-Mobile Arena.

The fight will be broadcast on Showtime PPV.

"We've been in negotiations for a while," White told SportsCenter. "Negotiations went smooth. Floyd is surrounded by some smart people, and we got this thing done. The impossible deal is now done."

Shortly after Mayweather's Instagram post, Conor McGregor confirmed it all as well, tossing this up to his Twitter account:

Of course, the man on the right is Floyd Mayweather Sr., so Conor's taking a subtle shot at his upcoming opponent—something the two men have made a routine ever since the talks began.

As of right now, Vegas odds favor Floyd Mayweather, with the boxer coming in as a -1,100 favorite at the Westgate SuperBook in Las Vegas, with Conor McGregor paying back +700.

Following years of back-and-forth trash talk and speculation, we have the fight we've all wanted to see. Or, as told by Stephen Espinoza, executive vice president and general manager of Showtime Sports, "This matchup is unprecedented. There has been overwhelming demand from fight fans, and it's great to be able to deliver."

Let's all just hope McGregor can last with Mayweather and make it worth the wait and hype. We'll find out in a few short months.